THEORETICAL AND CONCEPTUAL BASIS OF INCLUSIVE DEVELOPMENT OF THE ECONOMY

Анотація

The article is devoted to justifying the definition of inclusiveness of economic development and studying the critical foundations of the concept of inclusive development. The main principles of the historical formation of the concept of inclusive development were established, with the definition of modern theories of an integrated nature. An in-depth analysis of the interpretation of the essence of the categories related to the definition of «inclusive development» made it possible to form its author's vision and reveal its essential characteristics. The dependence on economic growth determinants and inclusive development methods is determined. Summarizing the dominant scientific and theoretical basis of the concept of an inclusive economy, we suggest interpreting the latter as a new specific type of organization of the socio-economic system, which provides all its participants with equal and fair opportunities, regardless of nationality, place of residence, age, gender, ethnic and cultural belonging, level of education and other characteristics. It is a system of production and consumption activities that ensures a fair distribution of resources among all its elements and forms a system of socio-economic relations that are beneficial, equal, and accessible to all participants. An inclusive economy is focused on ensuring a free and fair exchange of goods and services. It creates conditions for each participant in economic relations to have equal opportunities to ensure their well-being and realize vital interests: the population and business. An inclusive economy creates mechanisms to provide each subject of the system of socio-economic relations with fair opportunities to create, accumulate, and use goods and values. Inclusive development is proposed to be considered as socio-economic progress, which includes the expansion of opportunities and access of all participants of social and economic life to assets, benefits, and values and contributes to the achievement of fair results, which are associated with increasing the level of well-being and quality of life of the population in compliance with the principles of sustainability and considering the needs of current and future generations.

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